My 1st Million At 33 – yes, you can do it too

Options are expiring this week. It appears that markets are trying to get shorts to cover.

However, it is indeed possible that we have seen the low for the year. The rally seems to have legs, even though I don’t think the markets can go too much higher than 1380 to 1420 on S&P 500. Sentiment-wise, we should be quite close to the bottom of the markets. Any shorts should probably be covered opportunely. Possibly if a lower low is in the cards, it may not happen for quite awhile.

Precious metals are suffering from the same cause of expiration week. It could be a good time for long term investors to pick up a little. The low is probably not in yet however.

It’s important to see how markets react next week after option expired. That should tell you whether the market rallies really have legs.

Best luck.

Frugal